Ethiopian Electric Power (EEP), Ethiopia’s state-owned utility firm, signed an agreement with two Chinese firms and one Kenyan firm for the 70 MW geothermal energy drilling project.
Ethiopia signed Double Taxation Agreements with four countries; China, India, Egypt and Sudan.
The agreements were presented to the House of Peoples’ Representatives for approval with the agreements expected to become active once they are ratified by the House.
The agreements will protect investors from double taxes on the same declared income thus enabling business from China, India Egypt and Sudan to pay income tax only once according to the Ministry of Finance and Economic Development.
Ethiopia has signed its first country framework agreement with the International Solar Alliance (ISA), highlighting the nation’s growing role in advancing solar energy solutions for agriculture and economic development in Africa.
Ethiopia has concluded a grant agreement worth Euro 1.1 million with COMESA on Thursday, May 4, 2015 to finance its regional integration programmes, COMESA reported.
Initial customs agreement had been signed between the UAE Federal Customs Authority (FCA) and Ethiopian Revenues and Custom Authority (ERCA) for mutual technical support concerning custom related issues, The Daily Monitor reported.
